Launch of Monochrome Ethereum ETF on Cboe Australia

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Launch of Ethereum ETF
  2. Monochrome Bitcoin ETF: IBTC
  3. Conclusion


    4. Monochrome, an Australian asset management firm, has applied for listing the Monochrome Ethereum ETF (IETH) on Cboe Australia. The ETF will provide Australian investors with exposure to Ethereum.

    Launch of Ethereum ETF

    Monochrome, in collaboration with Vasco Trustees Limited, has officially applied to list the Monochrome Ethereum ETF (IETH) on Cboe Australia. The new fund will offer Australian investors exposure to Ethereum, further strengthening Monochrome's presence in the Australian digital asset market. The IETH is expected to be available by late September 2024 and will be traded through major brokerage platforms. Unlike unregulated crypto investment methods, the IETH fund will be a fully regulated product designed to passively hold Ethereum, allowing both cash and in-kind transactions.

    Monochrome Bitcoin ETF: IBTC

    The application for the Ethereum ETF listing follows the launch of the Monochrome Bitcoin ETF earlier this year in June. Monochrome applied for listing with Cboe Australia, a global exchange platform. The IBTC is the first Australian Bitcoin ETF licensed under the Australian Financial Services License (AFSL) for retail crypto-assets. According to the monthly redemption and issuance notice, as of August 31, aside from the $1 million unlisted units, the total net asset value of the fund is $11,008,032.

    Conclusion

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

    The launch of Monochrome's new Ethereum ETF underscores the company's efforts to expand its digital asset offerings and provide investors with a broader range of regulated investment tools.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.